Get started

Usdmxnshort

USD/MXN Short Opportunity - Completion of Right ShoulderPrice is currently wicking 61.8% fib level as noted TP zones are areas of liquidity, which also are confluent with TP levels Trade at your own risk Need a mentor, someone to bounce ideas off, or an educational system? Join my team where you get 24/7 support and an educational system. This and more ideas are available to earn money in the markets. Join as a customer at www.imarketslive.com when you refer two customers your monthly subscription is FREE
Short
by mrsceleste
USD/MXN SHORT IDEAThis trade is for demonstration and educational purposes and does not constitute a signal. Trade at your own risk. We see price made an impulsive move to the downside and retraced to the 61.8% fib level. For now I am watching for bearish momentum to kick in. Using bars feed tool, I predicted continuation down as noted, which also confluences with trendline at 3 points. If price makes it here, this would be touch #4. ' To join my team of traders and learn how to trade the markets and get free mentorship from me and other top traders visit www.imarketslive.com Join the platinum package as a customer. Refer two people and there is no monthly subscription. Please also follow me on Instagram and Facebook (link below)
Short
by mrsceleste
USDMXN - On its way to 18.90 and lower!The Mexican peso looks strong. It broke to the downside during the US session and bottomed today at 18.95. I see two supports. The immediate support is the 18.90 area. If we break that support, we could go to the second strong support at 18.75, especially if oil price does not fall. Also, both the daily MACD and RSI give us a bearish signal. On the other hand, if we go bullish, I expect the prices to go to 19.15. However, as I mentioned, I am more in favor of a downside.
Short
by Joel_Ochoa